Apple Flirts With $1 Trillion Market Cap After Strong Earnings Report

Apple is closing in on a $1 trillion market cap following a strong third quarter earnings report that beat projections for earnings. The company reported per-share earnings of $2.34 for the quarter, up 40% from the same time last year and handily beating analysts’ consensus estimates of $2.18. Revenue reached $53.3 billion, an increase of 17% from a year ago and exceeding Wall Street’s projections of $52.34 billion. Investors reacted enthusiastically, driving the stock up…

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